Tools & Resources

Repayment Options Calculator

When it comes to paying off debt, there are different options you can choose from. These include repaying the debt on your own, using a consolidation loan, following a credit counselling repayment plan, or filing a consumer proposal. This calculator will compare your monthly payments over 3 years*

Enter your Debt amount:

Monthly payment

Debt repaid by individual:

Debt repaid with consolidation loan:

Credit Counselling repayment plan:

Consumer proposal:

Please Note: BDO Canada LLP is not a financial institution. The above calculator is a resource to help consumers manage their finances and better understand their re-payment options, and true cost of burrowing.

Debt repaid by the individual assumes the full debt is repaid in 3 years at an annual interest rate of 18%

Debt repaid with a consolidation loan assumes the full debt is repaid in 3 years with a 12% consolidation loan

Credit Counselling terms assume a full repayment of debt in 3 years at 0% interest but include the credit counselling “Client Fair Share” fee of 10%

Consumer Proposal assumes 30% of debt is repaid over a 3 year period

The amounts shown are for illustrative purposes only. Your actual amount may be higher or lower depending on your financial situation. Contact us for a free, no-obligation consultation to receive an accurate calculation.

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INSOLVENCY DEBT CONSOLIDATION & BANKRUPTCY

BDO Canada Limited is an affiliate of BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO international Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firm.